Ethereum is once again in the spotlight as it approaches a crucial technical level. Institutional investors, such as BlackRock, are ramping up their investments in the asset, enhancing optimistic sentiment.
Technical Analysis of Ethereum
The recent drop of Ethereum, from $4,100 in December 2024 to around $2,000 in March 2025, has placed the asset on the brink of a historically decisive technical level. This support level has led to significant rallies of 2,000% and 360% in the past, making it particularly important for crypto traders.
Technical analysis highlights: a major support zone located around $1,750-$2,000, historically associated with powerful rebounds; the estimated rebound target of $3,400 by June 2025, representing a 65% increase if the support holds; risk of pullback, with the next potential support level at $1,560 if a break occurs; and the descending channel, with the $3,400 threshold serving as dynamic resistance.
BlackRock's Accumulation and Institutional Confidence
Along with the technical data, institutional confidence in Ethereum appears to be strengthening. BlackRock’s BUIDL fund now holds the equivalent of $1.145 billion in ETH, an increase from the $990 million recorded a week earlier. This allocation reflects the strategic importance of Ethereum in the asset manager’s portfolio of tokenized assets.
On-Chain Dynamics and Projections
The blockchain exhibits a notable phenomenon: accumulation by 'whales'. Data from Nansen indicates that addresses holding between 1,000 and 10,000 ETH have seen their holdings grow by 5.65%, while portfolios between 10,000 and 100,000 ETH have increased by 28.73% since March 12, 2024. This trend reinforces the idea of bullish anticipation by major investors, although the largest addresses (100,000 ETH and more) have remained relatively stable.
Such institutional and on-chain movements nurture the outlook for a renewed momentum for crypto. If technical conditions are confirmed and accumulation continues, a trend reversal could attract more capital and reaffirm Ethereum’s role as a dominant platform.